Answered: . _______ Foreign licensing is similar…

. _______ Foreign licensing is similar toa. starting from scratch.b. franchising.c. wholesaling.d. establishing a subsidiary in another country.e. establishing a sales office in a foreigncountry.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 10Q: Choose a company and explain how a specific issue, policy, or procedure (for example, granting...

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Question

. _______ Foreign licensing is similar to
a. starting from scratch.
b. franchising.
c. wholesaling.
d. establishing a subsidiary in another country.
e. establishing a sales office in a foreign
country.

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Which of the following statements are true about globaliza-tion methods? a. International licensing involves the creation of a new company that is owned by two or more firms from dif-ferent countries. b. Exporting involves contracts that allow a foreign com-pany to use a domestic company’s trademarks, patents, processes, or technology.c. Global sourcing involves the close coordination ofresearch and development, purchasing, marketing, andmanufacturing across national boundaries.d. A wholly owned international subsidiary is createdwhen a foreign government owns 100 percent of theequity in a U.S.-based firm.
. _______ Purchasing products or materials in other nationsand bringing them into one’s own country isa. trading.b. balancing.c. exporting.d. importing.e. dumping.
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